VEN1460

Oilfield Construction and Roustabout Services Provider

Southwest US
 

The company is an oilfield construction and roustabout services provider in the Bakken Formation and the Permian Basin. The company is also securing a patent on a proprietary battery tank sampling system that improves safety while measuring oil quality.

Key Aspects:

  • The company services numerous well-known oil and gas companies in the Bakken Formation and the Permian Basin
  • The company is securing a patent on a proprietary battery tank sample system that it developed
  • The company is currently experiencing rapid growth
  • About 35 employees in the Bakken and 20 in the Permian with an expansion goal of 100 employees
  • Wide array of specialized product offerings and highly adaptable to the market and customers' needs
  • Has Master Service Agreements with numerous large clients
  • The company has been accident free since 2014

    Opportunities:

    • Patent the developed proprietary battery tank sample system
    • Develop a Safety Trailer concept that the company has created
    • Continue to expand Texas operations
    • Purchase additional equipment to expand service offerings
    • Injecting cash into the business will eliminate the company's need to factor receivables
    • Trending increases in OSHA regulations and standards factor into increases in demand for safety services
       
       
       
      Year:

      2016

      Tax Rtns

      '000

      2017

      Tax Rtns

      '000

      2018

      Tax Rtns

      '000

      2019

      Internal

      '000

      Turnover3,8185,7316,16212,174
      Gross Profit:1,5648795,1628,265
      Adj. EBITDA *9715139052,474
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited